Indian exporters are urging the government to allocate Rs 750 crore over three years to capitalise on a $25 billion export potential in the US, as evolving trade dynamics create new opportunities

The World Gold Council (WGC), an international trade association, has urged India's finance ministry and the Reserve Bank of India (RBI) to establish clear guidelines and regulatory frameworks for the burgeoning digital gold business in the country

Tanishq, a leading jewellery retailer under Titan Company and Tata Group, is anticipating significant developments in the upcoming budget regarding the rationalisation of duties on gold imports

In response to a significant increase in gold jewellery and parts imports, the Commerce and Industry Ministry has imposed immediate restrictions, as indicated by a recent notification from the Directorate General of Foreign Trade (DGFT)

The All India Gem & Jewellery Domestic Council advocates for a reduction in customs duties, presenting crucial pre-budget recommendations

It has also suggested that the basic customs duty on gold, silver, platinum jewellery should be increased from 20% to 25%

India’s Finance Minister asked to review GST and cut down import taxes on gold to brace illegal gold imports

Finance Ministry launches SOP for facilitating e-commerce jewellery exports through courier

The recommendations regarding Foreign Trade Policy are expected to make India a repairing hub of jewellery in the world

The Finance Ministry has issued a notification dated 17th February 2021, of the amendments made to the finance bill 2021 with regards to the Agriculture Infrastructure and Development Cess (AIDC) exemption on gold/Silver bars and dore for exporters

For income tax purposes, cash transactions up to a threshold of Rs 2 lakh without KYC --PAN or Aadhaar -- are allowed in the gems and jewellery sector. Any sale in cash above Rs 2 lakh requires KYC

India’s Central Board of lndirect Taxes & Customs under the Department of Revenue, Ministry of Finance, has clarified that gems and jewellery exports from the country could now take place through the courier mode, acceding to this long-standing demand of the Gem & Jewellery Export Promotion Council (GJEPC) to make B2C, small-value, e-commerce exports economically viable

The suggestions of gems and jewellery industry related to duties and taxes are under consideration of the Finance Ministry, Commerce and Industry Minister Piyush Goyal said on November 27

The gem and jewellery industry has once again proved to the world that we are full of our ability to face any adversity and emerge a winner: Piyush Goyal, Union Minister of Commerce & Industry and Railway